2614 West Girard Avenue
2614 West Girard Avenue
$830,000
—
4,000
4,000
$208
Closed 2/27/20
Description
Introducing 2614 Girard AVE, a turnkey investment property fully renovated and leased at slightly under market rate rents, allowing the new investor to capture immediate rental upside. The property contains a tasteful mixture of two (2) 1bd apartments, one (1) 2bd apartment, and one (1) ground floor retail tenant. The existing cap rate is just under 7 per cent which is attractive on its own but the pro forma cap rate is a stellar 7.3 per cent. Similar assets have traded off market recently here and...Introducing 2614 Girard AVE, a turnkey investment property fully renovated and leased at slightly under market rate rents, allowing the new investor to capture immediate rental upside. The property contains a tasteful mixture of two (2) 1bd apartments, one (1) 2bd apartment, and one (1) ground floor retail tenant. The existing cap rate is just under 7 per cent which is attractive on its own but the pro forma cap rate is a stellar 7.3 per cent. Similar assets have traded off market recently here and this property has been priced competitively. The NOI is just over 60K. All of the apartments were completely redesigned as like new construction with premium features throughout like quartz counters and stainless appliances. A brand new facade lends strong curb appeal to the asset and enlivens an already vibrant block. Tons of natural light in each unit. This mixed use asset is conveniently located on Brewerytowns booming commercial corridor, surrounded by new development in every direction. Residents of the building benefit from an on site restaurant and tons of bars, breweries, restaurants, shops and studios located within steps along the Avenue. This is one of the most desirable areas for YPs and millennials in all of Philadelphia. Long term rent growth and appreciation projected for years to come in Brewerytown. Easy access into downtown Philly, University City, Fairmount Park + more. There is a 100+ unit new development planned behind the property which will bring even more retail and restaurants to the area. Inquire within for financials, floorplans + more.Owner occupant investors can qualify for extremely attractive financing and low down payment with new FHA loan limits for 2020 on 2 to 4 unit multifamily buildings; inquire within for more info...
Listing Agent
Property Details for 2614 West Girard Avenue
Tax ID Number
871129350
OwnershipFee Simple
HOANo
Structure TypeInterior Row/Townhouse
StyleContemporary
WaterfrontNo
GarageNo
SubdivisionBREWERYTOWN
Location
LISTING UPDATED: 08/18/2022 02:30 AM
Property Details for 2614 West Girard Avenue
Status | Closed |
---|---|
MLS # | PAPH861842 |
Days on Market | 21 |
Taxes | $5,657 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.04 AC / 1,615 SF |
County | Philadelphia County |
Location
Building Information for 2614 West Girard Avenue
Stories-Residences4Year Built1915Building Size-Lot Size0.04 AC / 1,615 SF
Payment Calculator
$5,001 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2614 West Girard Avenue
Property History for 2614 West Girard Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2614 West Girard Avenue
Taxable ValueLand-Additions-Total-
Tax Record2023$3,488 ($291 / month)
Home Facts
Total Finished SqFt5,404 SqFtAbove Grade Finished SqFt5,404 SqFtStories3Lot Size1,615 SqFtStyleOffice BuildingYear Built1920ZoningCMX2.5CountyPHILADELPHIAAPN87-1-1293-50
Schools near 2614 West Girard Avenue
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Morris Robert School PublicPK to 8 | ||
Vaux HS: A Big Picture School Public9 to 12 | ||
Masterman Julia R Secondary School Public5 to 12 | ||
Franklin LC Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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